Galaxy Digital's first-quarter net profit rises to $421.7 million

Galaxy Digital, a financial services company specializing in digital assets, saw a significant increase in revenue and profits in the first quarter, thanks to the growth of its mining business revenue. Specifically, Galaxy Digital's net profit for the first quarter increased to $421.7 million ($1.23 per share), a year-on-year increase of approximately 214%; the company's revenue increased from $146.7 million in the same period last year to $259.7 million. Divided by the company's business scope, Galaxy's mining business revenue was $31.5 million, which was the main driving force behind the overall revenue growth in the first quarter. In April, Galaxy raised $125 million, reserved for expanding its trading business and developing mining infrastructure.